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PostPosted: Wed Aug 21, 2019 1:18 pm
 


Title: Pembina to buy Kinder Morgan Canada, U.S. portion of Cochin
Category: Business
Posted By: Freakinoldguy
Date: 2019-08-21 13:08:34
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PostPosted: Wed Aug 21, 2019 1:18 pm
 


And while this is good news since the pipeline is back in the hands of a company that owns pipelines. The Liberals still overpaid for the Trans Mountain Pipeline and we're still out 150 million dollars due to the cut rate fire sale on something that's got the potential to make someone billions.

Why does the price of doing business in Canada always involve the Taxpayers getting screwed?


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PostPosted: Wed Aug 21, 2019 1:22 pm
 


150mil is a damn sight better than the 2 or 3bil I thought we'd be out.


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PostPosted: Wed Aug 21, 2019 1:23 pm
 


Quote:
Why does the price of doing business in Canada always involve the Taxpayers getting screwed?



Because that's the Canadian way! Our unofficial motto is "Fuck the Taxpayer!"


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PostPosted: Wed Aug 21, 2019 1:39 pm
 


Didn't Trump say that he wanted to buy this? [huh]


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PostPosted: Wed Aug 21, 2019 1:40 pm
 


It's not in Greenland


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PostPosted: Wed Aug 21, 2019 1:47 pm
 


llama66 wrote:
It's not in Greenland

He doesn't know that.


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PostPosted: Wed Aug 21, 2019 2:00 pm
 


Freakinoldguy wrote:
And while this is good news since the pipeline is back in the hands of a company that owns pipelines.


This purchase does not include the TMX purchased by the government of Canada.

https://www.cbc.ca/news/business/pembina-kinder-morgan-1.5254366

Quote:
The CEO of Pembina Pipeline Corp. says the Trans Mountain pipeline system would fit neatly into his company's business model but he wouldn't want the "noise" associated with its controversial expansion project.

On a conference call to discuss his company's agreement announced Wednesday to purchase Kinder Morgan Canada Ltd., Mick Dilger was non-committal when asked if Pembina would consider buying the pipeline which Kinder Morgan sold to the federal government last year.


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PostPosted: Wed Aug 21, 2019 2:01 pm
 


raydan wrote:
llama66 wrote:
It's not in Greenland

He doesn't know that.

ROTFL


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PostPosted: Wed Aug 21, 2019 2:28 pm
 


peck420 wrote:
Freakinoldguy wrote:
And while this is good news since the pipeline is back in the hands of a company that owns pipelines.


This purchase does not include the TMX purchased by the government of Canada.

https://www.cbc.ca/news/business/pembina-kinder-morgan-1.5254366

Quote:
The CEO of Pembina Pipeline Corp. says the Trans Mountain pipeline system would fit neatly into his company's business model but he wouldn't want the "noise" associated with its controversial expansion project.

On a conference call to discuss his company's agreement announced Wednesday to purchase Kinder Morgan Canada Ltd., Mick Dilger was non-committal when asked if Pembina would consider buying the pipeline which Kinder Morgan sold to the federal government last year.



My bad, I got so caught up in the euphoria of only losing 150 million dollars that I didn't read the fine print which says.

Quote:
"Hey Canada we wouldn't buy that Liberal white elephant for any amount of money and guess what? You're still fucked because you own a pipeline that you overpaid by billions for and nobody in their right mind is willing to take a risk on".

Love Pembina.


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